Boot Barn (NYSE:BOOT) Stock Rating Lowered by StockNews.com

Boot Barn (NYSE:BOOT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

A number of other research analysts have also weighed in on BOOT. Benchmark restated a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Bank of America lifted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Piper Sandler reiterated an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Citigroup decreased their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.58.

Boot Barn Trading Up 1.7 %

Boot Barn stock traded up $2.35 during trading on Monday, reaching $137.11. The company had a trading volume of 907,938 shares, compared to its average volume of 1,014,680. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. The firm’s 50-day simple moving average is $152.18 and its 200 day simple moving average is $147.82. Boot Barn has a 52 week low of $82.67 and a 52 week high of $176.64.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, analysts predict that Boot Barn will post 5.82 earnings per share for the current year.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Several institutional investors and hedge funds have recently modified their holdings of BOOT. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the third quarter valued at about $25,000. Signaturefd LLC increased its stake in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. raised its stake in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Assetmark Inc. lifted its holdings in shares of Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Boot Barn during the fourth quarter worth about $102,000.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.